Long-Term Capital Management (LTCM) was a hedge fund with nearly $130 billion in assets. In 1998 it nearly collapsed and would have, had it not been bailed out by the Federal Reserve.The founder of LTCM was a Salomon Brothers trader, John Meriwether. The principal shareholders were Nobel Prize-winning economists Myron Scholes and Robert Merton.LTCM's strategy was relatively straightforward. It he...Read More
Clearly, the only sane thing to do after a terrorist attack is to take rights away. Maybe if we build a prison around society, we will all be safe. Maybe it is just a matter of the government having more power over the citizens, and they will finally rid the world of terrorism.Or maybe the UK’s priorities are all wrong. For instance, did you know that in the United Kingdom, you are required...Read More
Clearly, the only sane thing to do after a terrorist attack is to take rights away. Maybe if we build a prison around society, we will all be safe. Maybe it is just a matter of the government having more power over the citizens, and they will finally rid the world of terrorism.Or maybe the UK’s priorities are all wrong. For instance, did you know that in the United Kingdom, you are required...Read More
It is the simplest, most basic aspect of life: you need food, so you grow some vegetables. If you have extra you sell them on a street corner to your neighbors, and if you live in California you get arrested for it.Licensing is when the government takes a right from you, and sells it back. This California man failed to purchase his rights back from the state.But the poor police had pictures taken...Read More
It is the simplest, most basic aspect of life: you need food, so you grow some vegetables. If you have extra you sell them on a street corner to your neighbors, and if you live in California you get arrested for it.Licensing is when the government takes a right from you, and sells it back. This California man failed to purchase his rights back from the state.But the poor police had pictures taken...Read More
Trump Rejects Climate PactThe stock market responded favorably to the President's announcement that the United States will be pulling out of the Paris Climate Pact that benefits countries like China and India at the expense of the U.S.Whether you agree or disagree with the President's decision, the financial markets liked the news. Under the terms of the deal, the earliest the U.S. can formally ex...Read More
Mr. Matthew Hornor reportsAURVISTA GOLD TO RAISE $7 MILLION DOLLARS Aurvista Gold Corp. plans to complete a private placement financing for aggregate gross proceeds of $7-million through the combination of a sale of charitable flow-through (CFT) units at a price of 41 cents per CFT unit and the sale of hard-dollar (HD) units at a price of 25 cents per HD unit. If $5-million was raised in the CFT...Read More
Mr. Ralph Fitch reports TRIMETALS MINING ANNOUNCES CLOSING OF $3.5 MILLION PRIVATE PLACEMENTTriMetals Mining Inc. has closed its previously announced brokered private placement of 14.6 million units of the company at a price of 24 cents per unit for gross proceeds to the company of $3.5-million. Each unit consists of one common share of the company and one-half of one common share purchase warrant...Read More
Liew admits to fraud in gold, silver and other metals tradingDefendant learned to rig prices from co-workers, filings sayA trader who conspired to manipulate futures contracts in precious metals committed those actions while working at Deutsche Bank AG, according to a person familiar with the matter, and he is now cooperating with prosecutors.The trader, David Liew, pleaded guilty to fraud on Thur...Read More
ProphetsWhy Consumers Aren't SpendingConfidence is up sharply, yet retail sales are down.by Gary ShillingMore stories by Gary ShillingRead More
When you were a kid, what did you want to be when you grew up?A teacher?An archaeologist?A pirate?A soldier?An antiquarian arms dealer?If you answered yes to any of the above, then you are in for a treat. If you didn't then, well, you are still in for a treat.That's because I spent the better part of an afternoon speaking with someone who fits all of those bills. Sean Rich has a very specific set...Read More
As you probably know, the marijuana industry is the hottest sector in the market right now. Nationwide legalization is imminent. It's going to happen. It's just a matter of time. Of course, the cannabis industry won't reach its full potential until that actually happens. That's why marijuana stocks are so hot right now. Everyone is scrambling to climb aboard the ship before it leaves port.The p...Read More
After a nerve-racking, jam-packed five-hour bus ride on a careening mountain road in the Nepalese countryside, I was seriously doubting my life choices. I had quit my job, moved my stuff back home with Mom and Dad, budgeted my modest savings for the next five months, and now I was in the middle of a remote town by a river with an over-stuffed backpack.It had all started with an application to help...Read More
After a nerve-racking, jam-packed five-hour bus ride on a careening mountain road in the Nepalese countryside, I was seriously doubting my life choices. I had quit my job, moved my stuff back home with Mom and Dad, budgeted my modest savings for the next five months, and now I was in the middle of a remote town by a river with an over-stuffed backpack.It had all started with an application to help...Read More
(Bloomberg) -- Vedanta Resources Plc and Vale SA led declines in industrial-mining companies as Chinese investors returning from a public holiday drove iron ore to a seven-month low. Nickel traded near its lowest in a year after Indonesia's largest producer started shipping ore to China.An index of 18 producers tracked by Bloomberg Intelligence headed for a third straight loss, with Vedanta dropp...Read More
Startup societies are disrupting the industry called government. New methods of governance are being experimented with that promise to make the old dinosaurs of social control go extinct.When new governments are formed, people can vote with their feet for the best style of governance.If people want to join a commune, they can go right ahead, but they won’t be able to force others into the mi...Read More
Startup societies are disrupting the industry called government. New methods of governance are being experimented with that promise to make the old dinosaurs of social control go extinct.When new governments are formed, people can vote with their feet for the best style of governance.If people want to join a commune, they can go right ahead, but they won’t be able to force others into the mi...Read More
A bad credit score can be quite the hardship in America. But can you imagine a bad social credit score? China is implementing social credit scores that will influence the types of schooling, jobs, and housing available to citizens.The population will also have the chance to review and affect their neighbors’ and acquaintances’ scores. They will be ranked in order to decide who gets w...Read More
A bad credit score can be quite the hardship in America. But can you imagine a bad social credit score? China is implementing social credit scores that will influence the types of schooling, jobs, and housing available to citizens.The population will also have the chance to review and affect their neighbors’ and acquaintances’ scores. They will be ranked in order to decide who gets w...Read More
Imagine you are in a book club. For a few years, it was great, you liked the books and the discussion with members. But then, the club started reading steamy romance novels that you just weren’t into and would not entertain your opinions for other material. Finally, when you can’t relate to the discussion on the texts anymore, you decide to leave the club.But then, the book club Presid...Read More